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Wentworth-Douglass Hospital has been blessed over the years with many friends who have generously provided funds which sustained the mission of the Hospital. These gifts have come to the Hospital in many ways, either as outright gifts or through planned giving. Nothing is more important than our good health and, through philanthropy, you can provide support for the dedicated and compassionate caregivers at Wentworth-Douglass Hospital by investing in the health of our community.

In addition, philanthropy can help you minimize your taxes. You can actually reduce income, capital gains, and gift and estate taxes. Philanthropy can also help to increase your estate planning flexibility. This is an exciting time in philanthropy and our government offers incentives to encourage donors to provide support to worthy not-for-profit organizations. Tax laws are complex. In all instances you should consult an attorney, tax professional or investment professional.

Please call 603-740-2687 to make a donation.

Use the links below to find more information.

Outright Gifts
  Annual Fund
  • Remembrance Gifts
  Matching Gifts
Deferred Gifts - Planned Gifts
  Beneficiary on Account
 

• Life Insurance Policies 

  Charitable Bequests
  Charitable Gift Annuity
  Deferred Gift Annuity
  Endowments
  Charitable Remainder Trusts
  Charitable Lead Trusts
  Retained Life Estate
  Retirement Assets


 

Outright Gifts

Please call 603-740-2687 to make a donation.

Annual Fund
Annual Fund is the cornerstone that supports the work of Wentworth-Douglass Hospital. These gifts touch thousands of lives and are used to provide the Hospital with the newest medical technology, improve patient care and upgrade existing facilities and equipment. Gifts may be made in honor or memory of someone.

Remembrance Gifts
Remembrance Gifts--There may be times throughout the year when you wish to pay tribute to others and conventional ways of expressing good wishes, thanks or sorrow seem inappropriate. These gifts may be made:

  • as a gesture of sympathy or in memory of a loved one, friend, or associate
  • to honor special occasions, such as birthdays, promotions, anniversaries, or births
  • to wish a speedy recovery to someone who is ill
  • as an expression of appreciation for a job well done

An acknowledgement of each Remembrance Gift is sent to the person or family of the person in whose name the gift is made. No amount is mentioned unless the donor requests it. Donors receive a separate acknowledgement stating the amount of the gift for income tax purposes. You may give as often as you wish. You may also designate your gift for a specific use or allow the Foundation to use it in the area of greatest need. Regardless of the amount or designation, you can be sure that quality healthcare for the Seacoast area is the ultimate beneficiary of your generosity.

Suggestions for Obituary Wording

Matching Gifts
Many companies match charitable gifts made by employees, retirees and directors. These gifts are counted toward the individual's total giving to the Hospital. Donors need to complete the paperwork from their human resources department and send it to the Foundation.

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Deferred Gifts - Planned Gifts 

Download a Planned Gift Intention Form.  

Planned Gifts

Planned Gifts are specially designed to help you meet your own financial and family obligations while supporting the mission of Wentworth-Douglass Hospital. These gifts give you special income and/or tax advantages. The appropriate form of planned gift can play a valuable role in strengthening your own long-term financial plans. At the same time, it can enable you to leave a lasting legacy that would perhaps not otherwise be affordable. The 1906 Heritage Society was formed to honor those who have joined Wentworth-Douglass Hospital & Health Foundation to help Wentworth-Douglass Hospital remain the Seacoast's leading medical center. Society membership is extended to individuals who include Wentworth-Douglass Hospital & Health Foundation in their estate plans. Through their bequests, life income gifts and deferred gifts, members share in our goal of helping individuals attain the highest level of health, now and in the future.

Beneficiary on Account

Beneficiary on Account is another way you can support the Foundation. An easy way to make a gift is to designate Wentworth-Douglass Hospital & Health Foundation as a beneficiary on a bank account. These are called Transfer on Death or Payable on Death. Please refer to your tax advisor to see how these gifts will impact your taxable estate.

Life Insurance Policies 

If you have life insurance policies that you bought years ago for reasons that no longer apply, consider their value to Wentworth-Douglass Hospital & Health Foundation (WDH&HF).

Benefits include:

  • Cost of a gift of life insurance is small compared to the leveraged benefit of the face amount of the policy.
  • Transferring ownership of a policy to WDH&HF removes the value of the insurance from your estate, reducing your tax liabilities.
  • The cash value of your policy qualifies for an immediate income tax charitable deduction.
  • You will have the potential to make a significant and lasting impact to a program of your choosing.

Charitable Bequests allow you to make a gift to the Foundation in one of three different ways. These are specific bequest, percentage bequest and residuary bequest. You can choose to make the gift unrestricted, restricted, in honor or memory of, or as an endowed gift.  

How To Include Wentworth-Douglass Hospital & Health Foundation In Your Will

You do a wonderful service when you include Wentworth-Douglass Hospital & Health Foundation in your will. Your gift will assure that outstanding healthcare will continue to be provided to your friends and family into the future.

Your bequest to Wentworth-Douglass Hospital & Health Foundation may be expressed in these words in your will:

"I bequeath the sum of $(insert amount) to Wentworth-Douglass Hospital & Health Foundation a not-for-profit organization with tax identification number 51-0491062 located at 789 Central Avenue, Dover, NH 03820 to be used by said organization to meet the most immediate needs of the institution, as determined by the governing board."

or

"I bequeath the (insert percentage)% of my estate to Wentworth-Douglass Hospital & Health Foundation a not-for-profit organization with tax identification number 51-0491062 located at 789 Central Avenue, Dover, NH 03820 to be used by said organization to meet the most immediate needs of the institution, as determined by the governing board."

or

"I bequeath the residue of my estate to Wentworth-Douglass Hospital & Health Foundation a not-for-profit organization with tax identification number 51-0491062 located at 789 Central Avenue, Dover, NH 03820 to be used by said organization to meet the most immediate needs of the institution, as determined by the governing board."

The following language restricts the funds:
"This fund is to establish an endowment fund to be known as (name the fund) the income from which shall be used for (state specific purpose of the fund). If Wentworth-Douglass Hospital & Health Foundation, in its sole judgment, determines that the original intent is no longer feasible, or if the amount of my bequest is insufficient to establish a separate restricted fund, Wentworth-Douglass Hospital & Health Foundation may use my gift and the income therefrom for such related purposes as, in its sole judgment, will most nearly fulfill the original intent."

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Charitable Gift Annuity

A donor may make a gift of cash or appreciated securities to Wentworth-Douglass Hospital & Health Foundation which guarantees, by written contract, to pay the donor (and a second beneficiary, if appropriate) a specific amount quarterly for life. A portion of the income may be tax-free. If appreciated securities are used to make the gift, there is a capital gain liability that can be spread over the actuarial life of the donor. The amount of the charitable deduction is based upon the amount of the gift and the age of the donor.

The donor irrevocably transfers cash, appreciated securities or other marketable assets to Wentworth-Douglass Hospital & Health Foundation in exchange for a fixed annuity payment for life and/or a second beneficiary. The donor receives a current income tax deduction based on the present value of the gift. The annuity payment is calculated on the value of the asset, number of beneficiaries (1 or 2) and the life expectancy of the beneficiaries. Life income beneficiary must be 50 years or older. Contact the Foundation Office for detailed information.

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Deferred Gift Annuity

This gift type is similar to a Charitable Gift Annuity, except the payments are deferred to a future date. The longer the deferral period, the greater the payout and charitable deduction will be. This is an excellent gift vehicle for individuals who wish to delay the income or younger individuals wishing to supplement future retirement income while obtaining the largest charitable deduction now. Contact the Foundation Office for detailed information.

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 Endowments

Endowments are established in perpetuity for a specific purpose, stated by the donor. Endowments blend donors' visions with the needs and objectives of the Hospital. By working together, the Foundation Office and the benefactor create a distinctive endowment that reflects their common goals. Endowed funds provide support that is reliable, because it is perpetual; earnings from an endowed fund are used to carry out the donor's purpose while the principal is safeguarded.

Named Endowments 

A named endowment is a gift to the Foundation which is permanently invested. The investment return is used each year to support projects or priorities specified by the donor. The principal remains intact and professionally managed for growth and income. The endowment can be named to honor the donor, relatives or other special friends.

Helen Garland Grant Nursing Scholarship Fund

The Helen Garland Grant Nursing Scholarship Endowment Fund was started in 2007.  Retired nurse Helen Garland Grant decided it was time to give back and help nurses eager to learn and grow in their careers by establishing a scholarship endowment fund at Wentworth-Douglass Hospital. 

The Grants will make annual contributions and are hopeful others will as well.  The money is given in perpetuity - only the interest earned on the fund will be used for scholarships enabling the fund to grow over time.

Edna Dube & Wentworth Hospital Nursing Alumni Nursing Scholarship Fund

The Wentworth-Douglass Hospital & Health Foundation (WDH&HF) Edna Dube & Wentworth Hospital Nursing Alumni Nursing Scholarship Program is intended to help nurses who are actively pursuing education and training in health related career fields. The scholarships are awarded each year to students who are working toward a degree, certificate or continuing education from an accredited institution/program. This scholarship program was funded by a generous donor. For more information, please call the Foundation Office at 603-740-2687.

Wentworth-Douglass Hospital & Health Foundation Endowment

A fund of money, the principal of which is held in perpetuity and invested.  The Hospital may use only the return on investment for approval projects and programs.

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Charitable Remainder Trusts - enables you to place cash, securities, or real estate into a trust that pays lifetime income to you and/or to other beneficiaries, with the trust principal eventually passing to Wentworth-Douglass Hospital.

  • Charitable Remainder Unitrust is a tax-exempt trust that entitles the donor to bypass capital gains tax and receive an income, usually for one or two lifetimes, based on a fixed percentage of the trust assets. Donors can make additional constributions.  Payments may be made monthly, quarterly, semiannually or annually. The donor receives an income tax deduction. Market volatility will then have a direct impact on the income payments received each year by the income beneficiaries.
  • A unitrust may exist for one life-time, multiple lives, a term of as many as twenty years, a lifetime plus twenty years, or multiple lives and a term of years. Each option entitles the donor to a charitable deduction and to bypass capital gains taxes. One life and husband-wife trusts are free of estate tax, other trusts with two or more beneficiaries may result in a federal and/or state gift or estate tax.

    The deduction is the value, today, of the gift charity will receive in the future. It depends on (1) the income beneficiaries' ages, (2) the duration of the trust, and (3) the "Applicable Federal Rate" published monthly by the IRS. Donors may choose the current rate or one from the prior two months to get the most favorable deduction.

  • Charitable Remainder Annuity Trust is another tax-exempt trust that entitles the donor to bypass capital gains tax and receive a tax deduction. The donor cannot make additional contributions.  This remainder trust pays a fixed dollar amount, regardless of the trust value. As with the unitrust, payments may be made monthly, quarterly, semiannually or annually.  The annuity trust is generally favored by donors who are more interested in receiving a fixed income than they are in chancing market volatility.
  • An annuity trust may exist for one life-time, multiple lives, a term of as many as twenty years, a lifetime plus twenty years, or multiple lives and a term of years. Each option entitles the donor to a charitable deduction and to bypass capital gains taxes. One life and husband-wife trusts are free of estate tax, other trusts with two or more beneficiaries may result in a federal and/or state gift or estate tax.

    The deduction is the value, today, of the gift charity will receive in the future. It depends on (1) the income beneficiaries' ages, (2) the duration of the trust, and (3) the "Applicable Federal Rate" published monthly by the IRS. Donors may choose the current rate or one from the prior two months to get the most favorable deduction.

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Charitable Lead Trusts - enables you to place cash, securities, or real estate into a trust that pays Wentworth-Douglass Hospital & Health Foundation a percentage for a term of years with the principal passing to grandchildren with reduced gift or estate taxes.

A Charitable Lead Trust pays charity an income and either the heirs may receive the trust assets later, with considerable gift/estate tax advantages (family lead trust) or the donor may take the asset back and earn income tax deductions during the life of the trust (donor lead trust). The typical lead trust is used to transfer assets to heirs.

The term of the trust is fixed and it is usually five to twenty years, although it can be for any set time frame or for life-times. The term of years is often whatever will eliminate the estate tax.

With the family lead trust gift and estate taxes are reduced on transfer because of charitable income interest which is a net present value of the income stream to charity. With the donor lead trust the income tax deduction is also based on fair market value of income stream to charity. Cash or tax-free bonds are ideal assets for funding these trusts.

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Retained Life Estate allows you to make a current gift of a personal residence or vacation home to Wentworth-Douglass Hospital & Health Foundation, while retaining the right to live in your personal residence or use your vacation home for your lifetime.

For a retained life estate you give Wentworth-Douglass Hospital & Health Foundation your personal residence or vacation home and then continue to live there for the rest of your life. We will own the house, but you will continue to be responsible for its ongoing taxes, structural maintenance, and upkeep. And we mutually agree upfront about what we will do if you no longer wish to live in the house or become physically unable to continue living there.

You will receive a charitable deduction based on the fair market value of your home minus the present value of the life tenancy you have retained.

With a retained life estate you make a significant gift to Wentworth-Douglass Hospital & Health Foundation with the most valuable asset you hold, without disturbing your cash flow or your living arrangements.

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Retirement Assets

Donating retirement assets is one of the most cost-effective gifts that you can make. This is due to the double taxation of retirement funds. If you leave your assets in retirement accounts to children or other heirs, these funds will be included in your taxable estate for federal estate tax purposes. Additionally, beneficiaries must also include any withdrawals they receive from retirement accounts in their taxable income. So both estate taxes and income taxes are charged on the same asset.

If you can make other provisions for your family, leaving retirement assets to Wentworth-Douglass Hospital is a great way to make the most of these funds that you have accumulated.

Benefits:

  • Naming Wentworth-Douglass Hospital & Health Foundation as the primary beneficiary of a retirement plan avoids all income and estate taxes.
  • Donor does not give up the use and control of these assets throughout their life.
  • Allows you to optimize how you distribute assets in your estate.
  • Retirement assets are typically one of the largest sources of wealth in a person's portfolio, though often overlooked as a source for charitable giving.

Details:

The best way to leave retirement assets to Wentworth-Douglass Hospital & Health Foundation is to advise your retirement plan administrator of your desire to change your beneficiaries and to sign whatever form they require.  Wentworth-Douglass Hospital & Health Foundation can be the primary beneficiary after your death, a secondary beneficiary after your spouse, or even a contingent beneficiary.  Refer to your tax advisor for how this type of gift impacts your estate.

Your gift can be designated as unrestricted - for use wherever our needs are greatest - or you may restrict the funds for a specific purpose. You can even create an endowed fund which can exist in perpetuity with annual income earned each year being used in support of an area of choice. Some of the most common areas of restricted support in the past have included cancer care, cardiac care, nursing education, dental center, endowment, and charity care.

Note: Please notify the Foundation Office if restricting your gift for a specific purpose or creating an endowed fund to ensure that your request can be fulfilled by Wentworth-Douglass Hospital, and that the language used is appropriate to accomplish your wishes.

Tax Note: For 2009 individuals 70 1/2 years of age or older can transfer up to $100,000 directly to the Foundation from their IRAs without paying taxes on the distribution. In most cases the charitable distribution counts toward your minimum required distributions. The transfer generates neither taxable income nor a tax deduction, so you receive the benefit even if you do not itemize your tax deductions.

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Wentworth-Douglass Hospital
789 Central Avenue, Dover, NH 03820
Phone: (603) 742-5252
Toll free: 1 (877) 201-7100